Commodities (Crude Oil & Copper) & Macro Outlook

According to three sources, OPEC+ producers will agree on Sunday to increase August production targets by approximately 188,000 barrels per day, marking the same monthly increment as June and July. The move comes as the Hormuz Strait gradually reopens and oil prices decline. OPEC+ has not yet

According to Taiwan Economic Daily, Taiwan chipmakers TSMC, Samsung, and SK Hynix have been rushing to purchase electronic-grade hydrofluoric acid since the start of the year, with some suppliers raising prices 20-30% amid supply tightness. As of June 29, domestic UP/UPS-grade products

According to Guru Club, on July 2, Brent crude oil futures for August delivery fell 1.89% to close at $71.57 per barrel. WTI August crude futures settled at $68.58 per barrel, while Abu Dhabi Murban crude dropped 5.33% to $65.33 per barrel. In related energy markets, NYMEX August natural gas

According to traders on prediction market platform Kalshi, U.S. inflation has likely peaked in May as energy prices fell in June following eased U.S.-Iran tensions. Speculators on Kalshi now assess only a 28% probability that annual inflation will exceed 4.2%, the May year-over-year CPI

Anthropic, the AI research company behind Claude, reached a $965 billion private valuation in its May 2026 Series H round, while Bitcoin's market capitalization sits near $1.2 trillion in late June 2026, according to CNBC and CoinDesk data. The convergence marks the first time a single private AI co

As extreme heat threatens US power grids, electricity prices in New York have soared above $1,100 per megawatt-hour as of July 1 afternoon, with further increases expected in the evening. Prices across the region from New York to Virginia are surging, reaching the highest levels since January's

BHP has resubmitted an environmental permit application for its Cerro Colorado copper mine project in Chile, with an estimated investment of $1.5 billion. The mining giant is advancing the project as part of its expansion plans in the

On July 1, spot gold rose 0.57% to $4,030.87 per ounce during New York close, trading within a range of $3,960.30–$4,115.66 for the day. The metal showed significant strength ahead of U.S. stock market open around 21:30 Beijing time. Spot silver advanced 0.90% to $59.0942 per ounce, while COMEX

WhiteBIT, the largest European cryptocurrency exchange by traffic, has launched TradeFi, a new market category enabling users to trade perpetual futures contracts linked to traditional financial instruments within a crypto interface. The launch introduces more than 45 perpetual pairs tracking

WhiteBIT, Europe's largest cryptocurrency exchange by traffic, has launched TradeFi, a new market category enabling users to trade traditional financial instruments through a crypto-native interface. The platform introduces more than 45 perpetual futures contracts tracking price movements across

On Wednesday (July 1), U.S. asset class ETFs delivered mixed results. Gold ETF rose 0.6%, while Brent crude oil fund fell 3.15%. Among major equity benchmarks, Nasdaq-100 ETF dropped 1.52%, emerging market ETF declined 2.82%, and Barclays U.S. Convertible Bond ETF fell 1.74%. VIX-linked product

According to Jin10, crude oil futures declined on July 1. West Texas Intermediate crude for August delivery fell $0.92 to close at $68.58 per barrel, down 1.32%. London Brent crude for September delivery dropped $1.38 to settle at $71.57 per barrel, down 1.89%.

According to Bloomberg data, the Bloomberg Commodity Index rose 1.19% to 29.5089 on New York close on July 1. CBOT corn futures gained 1.61% to $4.43 per bushel, while CBOT wheat futures climbed 2.04% to $6.01 per bushel. CBOT soybean futures increased 0.56% to $11.4950 per bushel.

The National Futures Association's Business Conduct Committee issued a decision against Marex Spectron International Limited following a June 2024 examination that found the London-based introducing broker allowed 14 individuals to solicit or accept orders from U.S. customers without proper

According to the National Futures Association, the NFA has sanctioned Marex Spectron International Limited for allowing 14 unregistered brokers to solicit or accept orders from U.S. customers. The decision followed a 2024 examination that began in June, which identified the brokers—mostly based in t

NYMEX August WTI crude oil futures settled at $68.58 per barrel, while natural gas futures closed at $3.22 per million British thermal units. August gasoline futures ended at $2.9452 per gallon, and heating oil futures settled at $3.2179 per gallon.

Shanghai Futures Exchange crude oil futures contract 2608 closed down 3.43% overnight at 444.60 yuan per barrel. Shanghai gold and silver rose 1.23% and 1.44% respectively in the night session.

According to Slovak Prime Minister Robert Fico, Slovalco aluminum smelter will begin resuming furnace operations in August-September 2026, with planned commercial production starting in Q4 2026. The facility, controlled by Norway-based Norsk Hydro ASA, will invest €100 million (approximately $114 mi

On July 1, London Metal Exchange (LME) base metals futures closed with mixed performance. LME copper fell $76 to $13,298 per ton, aluminum declined $10 to $3,076 per ton, and zinc dropped $52 to $3,499 per ton. Lead closed down $10 at $1,866 per ton. Conversely, nickel gained $68 to $16,355 per ton

According to a U.S. official, oil flow through the Strait of Hormuz has surged to over 10 million barrels daily in recent weeks, supported by U.S. military efforts. The United States is pressuring Iran to comply with maritime provisions and establish a long-term agreement to ensure commercial